Offshore Asset Protection
Because of excessive litigation in the US
and elsewhere Offshore Asset Protection is definitely an option to explore. Businessmen entrepreneurs and
professionals in an environment of predatory litigation are forced to look for ways and means where they can
protect savings, investments and accumulated assets. Offshore Asset Protection offers this kind of
The Need: In the US the legal system favors the plaintiff and places the defendant statistically at a disadvantage. This only serves to
encourage the predatory litigation and a business owner or professional can expect to sued multiple times over his
Don't Wait: Should the resulting judgment be unfavorable the
defendant stands to lose all the assets built over many years of investment. Getting ones assets outside the
jurisdiction of the US court system appears to be one remedy. However once a claim has been filed the legal system
will not allow any assets to be moved for offshore protection. In fact, it will be determined to be "fraudulent
conveyance" and all your assets will be retracted. The time for offshore asset protection implementation is now not
The Climate Changes: However the Offshore Asset Protection
climate always changes. Countries that used to be private tax free havens under threat of sanctions have agreed to
enter into treaties with the US and other industrial nations to allow the pursuit and investigation of tax fraud.
Furthermore the courts have taken a less favorable viewpoint of offshore trusts as determined by some high profile
court cases in 2000.
With 911 the offshore environment has even become more disfavorable, under the
threat of terrorism everyone has come under intense scrutiny. That is not to say offshore asset protection does not
have a place, it does. There are many international offshore corporations operating in this country and they will
always continue to do so. But everything has to be done procedurally correct and with full disclosure.
No Privacy- Act Accordingly: In this day of electronic banking
and extensive global money tracking, privacy doesn't exist anymore. You want to get solid information and advice to
make sure you can take full advantage of offshore laws and don't put yourself in a worst position if the offshore
privacy you thought you would have doesn't end up as it appears to be. Act accordingly by doing your thorough
research as to getting proper offshore asset protection in favorable jurisdictions.